Fintech News Today: Top ten Fintech News Stories because of the Week Ending February. Read more
The 3 hot themes in fintech information this past week were crypto, SPACs and buy then pay later, akin to a lot of days so much this year. Here are what I think about to be the top 10 most prominent fintech news posts of the past week.
Tesla buys $1.5 billion in bitcoin, plans to allow it as payment from FintechZoom.com? We kicked the week off which has the big news from Tesla that they had acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the information.
Mastercard to allow for Some Cryptocurrencies on The Network of its coming from The Wall Street Journal? More good news for crypto investors as Mastercard indicated it is going to support several cryptocurrencies immediately on its network as even more people are using cards to buy crypto in addition to utilizing cards to spend their crypto.
Bitcoin to Come to America’s Oldest Bank, BNY Mellon coming from The Wall Street Journal? The nation’s oldest bank account provides us a trifecta of huge crypto news as it announces that it is going to hold, transfer and issue bitcoin along with other cryptocurrencies on behalf of the asset management clients of its.
Fintech News Today – Movable bank MoneyLion to go public via blank-check merger in $2.9 billion deal offered by Reuters? MoneyLion becomes the most recent fintech to jump on the SPAC camp because they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is the most recent fintech to visit public through SPAC as a result of American Banker? Opploans announced a rebrand to OppFi as they will additionally go public by merging with FG New America Acquisition Corp., an Illinois based SPAC. (I am going to have more on this and the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank-Check Company to Raise $250 Million from Bloomberg? Mike Cagney has made a decision to become a member of the SPAC soiree as he files files while using the SEC for Figure Acquisition Corp. I and intends to raise $250 million.
Klarna’s valuation set to triple to $30bln, tells you article from Fintech Futures? Privately held Swedish BNPL giant is reportedly looking to increase $500 zillion in a $25b? $30b valuation. In addition, they announced the launch of bank accounts found in Germany.
Within The Billion-Dollar Plan In order to Kill Credit Cards from Forbes? Good profile on Max Levchin, CEO and co founder of Affirm, and the first days of Affirm as well as what it grew to become a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking as a result of The Financial Brand? An intriguing international survey of 56,000 consumers by Bain & Company shows that banks are actually losing company to their fintech rivals while as they continue their customers’ core checking account.
LoanDepot raises simply $54M in downsized IPO from HousingWire? Mortgage lender loanDepot went public this week inside a downsized IPO that raised just fifty four dolars million after indicating at first they will boost more than $360 million.
Fintech News Today: Top 10 Fintech News Stories for the Week Ending February